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Debt Consolidation Loans Versus Business Bankruptcy

By Harry D. Lewis |

Falling on hard times as a business owner is a humbling experience. While it is common to feel as if you are the only one struggling, the fact is that you are not alone. Many businesses go through difficult periods where they have trouble meeting their obligations. The number of debt consolidation loan offers… Read More »

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Last Minute Payments To Certain Creditors Can Create Major Problems In Business Bankruptcy

By Harry D. Lewis |

Seeing your business suffer and debts go unpaid is one of the most frustrating experiences. Particularly if you have close and long-term relationships with certain creditors, it is natural to want to find a way to pay them prior to filing for business bankruptcy in New York. This is a potentially dangerous situation. Referred… Read More »

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Common Mistakes Small Business Owners Make When Filing For Bankruptcy

By Harry D. Lewis |

As a small business owner, unexpected expenses and losses in profits can create major problems in both your personal and professional life. Filing for bankruptcy can provide a solution and is designed to provide the fresh start you need. Find out common mistakes to avoid during the process. The Biggest Mistake: Not Knowing When… Read More »

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Companies That Bounced Back After Filing For Bankruptcy

By Harry D. Lewis |

Filing for Chapter 11 bankruptcy can help a struggling business stay afloat. Through the process of eliminating certain unsecured debts and restructuring payments on others, bankruptcy can provide the financial fresh start you need. Unfortunately, business owners often fail to pursue this as an option until it is almost too late. A common reason… Read More »

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COVID-19 Closed My Small Business. Can Bankruptcy Help?

By Harry D. Lewis |

Recovery from the COVID-19 pandemic is underway and New York residents are eager to resume their usual activities. Unfortunately, it comes too late for some small businesses. If your business closed due to the pandemic, it is important to be aware of how filing for bankruptcy can help. How Bankruptcy Can Help Settle Outstanding… Read More »

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The Difference Between Personal And Business Bankruptcy

By Harry D. Lewis |

Running a business requires large investments of time and money. When the business struggles, it jeopardizes your personal financial security. Filing for bankruptcy can provide a solution, offering you the chance to make a fresh start. Which should you file-personal or business bankruptcy? Our New York bankruptcy attorneys provide some basic information about each… Read More »

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Disclosure Statement In Chapter 11 Business Bankruptcy Proceedings

By Harry D. Lewis |

When businesses go through difficult times, it is easy to fall behind on payments for leases, supplies, inventory, or other debts. Unfortunately, this situation can quickly snowball. Despite your best efforts at trying to maintain profits while juggling payments, your business’ future could be in real jeopardy. Filing for a Chapter 11 business bankruptcy… Read More »

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What Is A Creditors Committee In Chapter 11 Business Bankruptcy

By Harry D. Lewis |

If your business has suffered temporary setbacks or is otherwise going through a hard time, filing for Chapter 11 bankruptcy can provide the fresh start you need. Often referred to as a reorganization, it gives struggling companies a chance to protect their current assets against creditors’ claims, allowing them to remain in business while… Read More »

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Five Warning Signs Your Business Is Headed Towards Bankruptcy

By Harry D. Lewis |

Large and small companies alike have weathered a wavering economy and drastic reductions in business over the past year due to the COVID-19 pandemic. As a result, for the first time since March of 2020 the rates for business bankruptcy have begun to spike. In many cases, filing for bankruptcy is the best option… Read More »

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Five Qualities To Look For In Choosing The Best New York Business Bankruptcy Attorney

By Harry D. Lewis |

For businesses that are struggling, filing for bankruptcy often provides the fresh start you need. It can help you overcome financial hurdles and maintain profitability or protect you against liability in the event you decide to close your business. In either scenario, you want to have the best New York bankruptcy attorney on your… Read More »

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